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Document Type

Article

Abstract

A firm’s main goal is to add firm value. There are many ways to do this: increase sales, advertise, change management, and, possibly, doing good for the environment, employees, and others. The latter approach is often called corporate social responsibility. This paper tests to see if corporate social responsibility will reduce risk for a firm. There are two hypotheses created by Jo and Na (2012): the risk reduction hypothesis and the window-dressing hypothesis. Jo and Na conclude that corporate social responsibility in controversial firms can help reduce firm risk. However, my results do not show that.

Publication Date

Spring 2020

Journal Title

Major Themes in Economics

Volume

22

Issue

1

First Page

1

Last Page

14

Copyright

©2020 by Major Themes in Economics

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Language

en

File Format

application/pdf

Included in

Economics Commons

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